Home Prices Increase in 93% of U.S. Metropolitan Areas

Home prices climbed in 93 percent of U.S. metropolitan areas in the second quarter, the broadest gain in a decade, led by Palm Bay and Port St. Lucie, Florida.

The median price of an existing single-family home rose from a year earlier in 163 of the 176 areas measured, the National Association of Realtors said in a report Tuesday. It was an improvement from the first quarter, when 85 percent of metropolitan areas had price increases.